Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers

U.S. television networks and news publishers are feeling the effects of a slowdown in the advertising market, the latest indication that an ad-spending retrenchment previously flagged by giant technology companies is spreading.

Warner Bros. Discovery Inc., WBD -16.53%▼ home of cable channels including CNN, TNT and the Food Network, on Thursday cut its outlook for this year and next in part because of a slowdown in advertising.

In recent days, the owners of outlets including the CBS television network, the New York Times and USA Today all said their ad revenue was under pressure during the latest quarter.

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